ADM Announces Commencement of $600M Private Offers
Archer Daniels Midland (NYSE: ADM) announced today the commencement of a private offer to exchange up to $600,000,000 (the “Exchange Limit”) of its outstanding 6.95% Debentures due 2097 (CUSIP No. 039483AP7), 5.765% Debentures due 2041 (CUSIP No. 039483BC5), 7.00% Debentures due 2031 (CUSIP No. 039483AS1), 6.45% Debentures due 2038 (CUSIP No. 039483AX0), 5.935% Debentures due 2032 (CUSIP No. 039483AT9), 6.625% Debentures due 2029 (CUSIP No. 039483AR3), 7.50% Debentures due 2027 (CUSIP No. 039483AM4), and 6.75% Debentures due 2027 (CUSIP No. 039483AN2) (collectively, the “Old Debentures”) for new senior debentures due 2043 (the “New Debentures”) and cash (the “Exchange Offers”).
The Exchange Offers are being conducted by ADM upon the terms and subject to the conditions set forth in a confidential offering memorandum, dated September 14, 2012, and related letter of transmittal. The Exchange Offers are only extended, and copies of the offering documents will only be made available, to any holder of the Old Debentures that has certified its status as (1) a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933, as amended (“Securities Act”) or (2) a person who is not a “U.S. person” as defined in Regulation S under the Securities Act (each, an “Eligible Holder”).
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